Dropbox, Inc. (NASDAQ:DBX) Q3 2019 Earnings Conference Call Transcript

Nov 07, 2019 • 05:00 pm ET

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Dropbox, Inc. (NASDAQ:DBX) Q3 2019 Earnings Conference Call Transcript

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Presentation
Executive
Ajay Vashee

revenue. We expect free cash flow to trend towards the midpoint of the range we previously provided of $375 million to $385 million. This range includes one-time spend related to the build-out of our new corporate headquarters, excluding the spend free cash flow would be $440 million to $460 million.

Finally, we expect 2019 diluted weighted average shares outstanding to be in the range of $418 million to $423 million based on our trailing 30 day average share price. In conclusion, we're excited about the investments we've made in our business and remain committed to delivering a healthy balance of growth and profitability. With the premium features we've added across our paid plans our continued focus on driving high-value conversions and the new products we recently announced, we believe we're well positioned to deliver a strong growth in Q4 of fiscal 2019 and beyond.

I'll now turn it back to Drew for closing remarks.

Executive
Drew Houston

Thank you, Ajay. We're creating work environment to help people focus on what matters. Building the smart workspace is step one and there will be many more. I'm proud of our team's progress as far with the launch of the new Dropbox and Dropbox Spaces and I'm excited about the early response from both customers and partners. On behalf of our management team, I'd like to take a moment to thank our customers, partners and the entire Dropbox team. We have a huge opportunity in front of us, and I'm really excited about the future.

And with that, I'd like to invite Yamini, our Chief Customer Officer to join Ajay and me for Q&A. Operator.